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The Transition to Deregulation: Developing Economic Standards for Public Policies

William B. Tye

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ISBN 10: 0899305822 / ISBN 13: 9780899305820
Published by Quorum Books, 1991
Used Condition: Fair
From Better World Books (Mishawaka, IN, U.S.A.)

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Former Library book. Shows definite wear, and perhaps considerable marking on inside. Bookseller Inventory # GRP3435972

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Bibliographic Details

Title: The Transition to Deregulation: Developing ...

Publisher: Quorum Books

Publication Date: 1991

Book Condition:Fair

About this title

Synopsis:

William Tye draws on his large body of work in the area of railroad deregulation to address specific economic problems associated with deregulation. He elucidates principles that can be applied to any major industry entering the competitive marketplace--particularly telecommunications and other utilities, including gas and electric. Tye has updated and revised his previous articles and structured them into an integrated framework. Each section addresses a major issue and can be read on a stand-alone basis. By providing appropriate economic models and rules for successful transition, this work is designed to encourage a smooth changeover to deregulation.

It is important, Tye says, to recognize that the original problems regulation sought to solve do not simply go away, and that new problems can be created by the transition itself. He stresses the need to deal with legacies from the regulated past, such as investments, policies, labor contracts, and sunk investment costs by buyers. He explains why explicit regulatory intervention may be required to correct equity and efficiency imbalances. Sections cover topics such as finance and revenue adequacy, pricing, mergers, and competitive access and will serve as a valuable resource for attorneys, regulatory commission staff, academics, and consultants.

Book Description:

The topics involve the substantive and continuing problems associated with regulated industries and also present in the transition to deregulation: revenue adequacy, rate of return, inflation, pricing (with particular attention to the benefits and problems associated with Ramsey pricing), mergers, and competitive access, among others. Choice

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